# PPP loan: ISLAND ACOUSTICS LLC
> **$8.37M** approved 04/16/2020 · Exemption 4 · Loan `2988647203`
## Borrower
- **Name:** ISLAND ACOUSTICS LLC
- **Address:** 518 Johnson Avenue, Bohemia, NY, 11716
- **NAICS:** 238310
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $8.37M
- **Initial approval:** $8.37M
- **Forgiven:** $8.21M (98%)
- **Forgiveness date:** 02/01/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $6.96M
- **Rent:** $105K
- **Health care:** $1.24M
- **Debt interest:** $65K
- **Jobs reported:** 250
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*